Core Insights - TXNM Energy reported a significant decline in earnings for Q2 2025 compared to Q2 2024, with GAAP net earnings attributable to TXNM Energy at $21.6 million, down from $48.0 million, and ongoing net earnings at $24.5 million, down from $54.3 million [1][21] - The company issued $600 million in equity, including $400 million to affiliates of Blackstone Infrastructure Partners, and is undergoing debt refinancing related to the proposed acquisition by Blackstone [1][3] - TXNM Energy is not affirming its previously issued earnings guidance for 2025 due to the pending transaction with Blackstone Infrastructure [1] Financial Performance - Q2 2025 GAAP diluted EPS was $0.22, a decrease from $0.53 in Q2 2024, while ongoing diluted EPS was $0.25, down from $0.60 [1][21] - Year-to-date (YTD) 2025 results show GAAP net earnings of $30.5 million compared to $95.2 million in YTD 2024, and ongoing net earnings of $42.6 million compared to $91.3 million [1] - Electric operating revenues for Q2 2025 were $502.4 million, up from $488.1 million in Q2 2024 [21] Transaction and Regulatory Updates - TXNM Energy announced an agreement for Blackstone Infrastructure to acquire its outstanding common stock at $61.25 per share, reflecting a total enterprise value of $11.5 billion [3] - The transaction is subject to shareholder and regulatory approvals and is expected to close in the second half of 2026 [3] - TXNM's regulatory outcomes include the approval of a $176 million Distribution Cost Recovery Factor (DCRF) filing and a $105 million rate increase at PNM, with further rate recovery filings planned [4][5] Segment Reporting - In Q2 2025, PNM's GAAP diluted EPS was $0.25, down from $0.34 in Q2 2024, while TNMP's GAAP diluted EPS was $0.22, down from $0.33 [6] - Corporate and Other segment reported a loss of $0.25 per share in Q2 2025, compared to a loss of $0.14 in Q2 2024 [6] - The decline in earnings per share was attributed to the issuance of additional shares and costs related to the planned acquisition [6][7] Operational Insights - The company faced increased operating expenses, with total operating expenses for Q2 2025 at $429.7 million, compared to $382.4 million in Q2 2024 [21] - Key factors affecting PNM included higher retail load and increased costs from new capital investments, while TNMP's performance was impacted by lower weather-related usage [10]

Core Insights - Ameren reported $2.22 billion in revenue for the quarter ended June 2025, marking a year-over-year increase of 31.2% and exceeding the Zacks Consensus Estimate of $1.84 billion by 20.65% [1] - The company's EPS for the same period was $1.01, up from $0.97 a year ago, with a surprise of 1% compared to the consensus estimate of $1.00 [1] Revenue Performance - Total electric sales for Ameren were 15,672 GWh, below the average estimate of 17,176.59 GWh from two analysts [4] - Electric revenues for Ameren Missouri reached $1.32 billion, surpassing the estimated $951.36 million, reflecting a year-over-year increase of 52.2% [4] - Electric revenues for Ameren Illinois Electric Distribution totaled $573 million, exceeding the $542 million estimate, with a year-over-year change of 12.6% [4] - Electric revenues from Ameren Transmission were $208 million, slightly above the $206.52 million estimate, representing an 8.9% year-over-year increase [4] - Operating revenues from natural gas were $183 million, compared to the average estimate of $175.2 million, showing a 6.4% year-over-year change [4] - Gas revenues for Ameren Illinois Natural Gas were $158 million, exceeding the estimated $152.05 million, with a year-over-year change of 6.8% [4] - Operating revenues from electric sources were $2.04 billion, surpassing the $1.62 billion estimate, indicating a year-over-year increase of 34% [4] - Gas revenues for Ameren Missouri were $25 million, compared to the average estimate of $23.41 million, reflecting a 4.2% year-over-year change [4] Stock Performance - Ameren's shares have returned 4.6% over the past month, outperforming the Zacks S&P 500 composite's 2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Viewpoint - Park Hotels & Resorts reported a slight decline in revenue for the quarter ended June 2025, but showed significant improvement in earnings per share compared to the previous year [1]. Financial Performance - Revenue for the quarter was $672 million, down 2% year-over-year, and slightly below the Zacks Consensus Estimate of $673.07 million, resulting in a surprise of -0.16% [1]. - Earnings per share (EPS) was reported at $0.64, a significant increase from $0.30 in the same quarter last year, leading to an EPS surprise of +12.28% against the consensus estimate of $0.57 [1]. Key Metrics - Comparable RevPAR growth was reported at -1.6%, contrasting with the three-analyst average estimate of 1% [4]. - Total number of rooms was 22,395, slightly below the average estimate of 22,553 based on two analysts [4]. - Occupancy rate stood at 76.5%, compared to the average estimate of 77% [4]. - Revenue from rooms was $401 million, slightly below the five-analyst average estimate of $402.19 million, reflecting a year-over-year decline of -3.6% [4]. - Ancillary hotel revenues reached $68 million, exceeding the four-analyst average estimate of $64.04 million, with a year-over-year increase of +3% [4]. - Food and beverage revenues were $180 million, below the average estimate of $184.61 million, showing a year-over-year change of -1.1% [4]. - Other revenues totaled $23 million, slightly above the estimated $22.31 million, representing a +4.6% change year-over-year [4]. - Diluted earnings per share were reported at -$0.02, significantly lower than the five-analyst average estimate of $0.21 [4]. Stock Performance - Shares of Park Hotels & Resorts returned +0.1% over the past month, underperforming compared to the Zacks S&P 500 composite's +2.7% change [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3].

For the quarter ended June 2025, AppFolio (APPF) reported revenue of $235.58 million, up 19.4% over the same period last year. EPS came in at $1.38, compared to $1.12 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $231.16 million, representing a surprise of +1.91%. The company delivered an EPS surprise of +7.81%, with the consensus EPS estimate being $1.28.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Core Insights - Envista (NVST) reported revenue of $682.1 million for the quarter ended June 2025, marking a year-over-year increase of 7.7% and an EPS of $0.26 compared to $0.11 a year ago, exceeding Zacks Consensus Estimates [1] - The revenue surprise was +6.34% over the consensus estimate of $641.45 million, while the EPS surprise was +8.33% against the consensus estimate of $0.24 [1] Financial Performance - Envista's shares have returned -1% over the past month, while the Zacks S&P 500 composite increased by +2.7% [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance in the near term [3] Geographic Sales Breakdown - North America: $347.9 million, +7% year-over-year, exceeding the estimate of $328.41 million [4] - Western Europe: $154.1 million, +12.1% year-over-year, surpassing the estimate of $139.68 million [4] - Emerging Markets: $150.4 million, +6.1% year-over-year, above the estimate of $136.77 million [4] - Other Developed Markets: $29.7 million, +3.5% year-over-year, slightly above the estimate of $29.05 million [4] Specialty Products & Technologies Sales - Specialty Products & Technologies in North America: $181.9 million, +4.2% year-over-year, exceeding the estimate of $176.35 million [4] - Specialty Products & Technologies in Emerging Markets: $116.9 million, +9.2% year-over-year, surpassing the estimate of $102.19 million [4] - Specialty Products & Technologies total sales: $445.1 million, +7.2% year-over-year, above the estimate of $418 million [4] Equipment & Consumables Sales - Equipment & Consumables in North America: $166 million, +10.3% year-over-year, exceeding the estimate of $152.06 million [4] - Equipment & Consumables in Western Europe: $29.7 million, +18.3% year-over-year, surpassing the estimate of $25.02 million [4] - Total Equipment & Consumables sales: $237 million, +8.7% year-over-year, above the estimate of $221.21 million [4]

Core Insights - KLA reported $3.17 billion in revenue for the quarter ended June 2025, a year-over-year increase of 23.6% and an EPS of $9.38 compared to $6.60 a year ago, exceeding Zacks Consensus Estimates [1] - The revenue surpassed the Zacks Consensus Estimate of $3.08 billion by 3.21%, and the EPS exceeded the consensus estimate of $8.53 by 9.96% [1] Revenue Breakdown - Semiconductor Process Control revenues were $2.88 billion, exceeding the average estimate of $2.77 billion, with a year-over-year change of 24.7% [4] - Specialty Semiconductor Process revenues were $141.87 million, slightly below the estimated $150.12 million, representing a year-over-year increase of 17% [4] - Service revenues reached $702.56 million, surpassing the estimate of $694.66 million, with a year-over-year change of 14.4% [4] - Product revenues totaled $2.47 billion, exceeding the average estimate of $2.38 billion, reflecting a year-over-year increase of 26.5% [4] - PCB and Component Inspection revenues were $154.11 million, below the estimated $161.18 million, with a year-over-year change of 10.1% [4] Stock Performance - KLA shares returned +0.4% over the past month, compared to the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential outperformance against the broader market in the near term [3]

Q2 2025 Financial Results Conference Call Slides This presentation may contain forward-looking statements which are inherently difficult to predict. Actual results and outcomes could differ materially for a variety of reasons, including, among others, fluctuations in foreign exchange rates, changes in global economic conditions, tariff and trade policies, and customer demand and spending, inflation, interest rates, regional labor market constraints, world events, the rate of growth of the internet, online c ...

Core Insights - American Water Works Company (AWK) reported second-quarter 2025 operating earnings per share (EPS) of $1.48, slightly below the Zacks Consensus Estimate of $1.49, but up 4.2% from $1.42 in the same quarter last year [1][7] - Total revenues for the quarter reached $1.27 billion, exceeding the Zacks Consensus Estimate of $1.15 billion by 10.6% and representing an 11% increase from $1.14 billion year-over-year [2][7] Revenue and Segment Performance - Regulated businesses generated net revenues of $1.17 billion, reflecting an 11.4% year-over-year increase, while other segments contributed $92 million, up 6.5% year-over-year [3] - Total operating expenses increased to $787 million, a 12.4% rise from $700 million in the previous year, primarily due to higher operating and maintenance costs [3] Growth and Acquisitions - AWK expanded its customer base by adding 7,600 customers through seven completed acquisitions as of June 30, 2025, with 20 additional pending acquisitions expected to add 40,650 customers [4] - New rates implemented on January 1, 2025, are projected to increase revenues by $270 million for the full year, with pending rate cases potentially adding another $126 million if approved [4] Financial Position - As of June 30, 2025, cash and cash equivalents stood at $94 million, with total liquidity of $1.17 billion, sufficient to meet near-term obligations [5] - Total long-term debt decreased to $12.28 billion, down 1.9% from $12.51 billion at the end of 2024 [5] Cash Flow and Investment - Cash flow from operating activities for the first half of 2025 was $632 million, compared to $727 million in the same period last year, with $1.3 billion invested to strengthen operations [6] Guidance and Long-Term Outlook - AWK narrowed its 2025 EPS guidance to a range of $5.70-$5.75, with the Zacks Consensus Estimate at $5.71, slightly below the midpoint of the guidance [7] - The company reaffirmed its long-term earnings and dividend growth target of 7-9% and plans to invest nearly $3.3 billion in 2025, with capital expenditures projected at $17-$18 billion for 2025-2029 and $40-$42 billion for 2025-2034 [8]

Core Insights - Intercontinental Exchange (ICE) reported second-quarter 2025 adjusted earnings per share of $1.81, exceeding the Zacks Consensus Estimate by 2.3% and reflecting a year-over-year increase of 19.1% [1][10] - The company achieved record net revenues of $2.5 billion, up 9.8% year over year, and also surpassed the Zacks Consensus Estimate by 0.7% [3][10] - Adjusted operating income rose 13.9% year over year to $1.6 billion, with an adjusted operating margin expansion of 200 basis points to 61% [4][10] Financial Performance - Total operating expenses decreased by 0.4% year over year to $1.3 billion, attributed to lower rent, occupancy, and administrative expenses [3] - Adjusted operating expenses were $983 million, reflecting a 3.8% year-over-year increase, while the adjusted operating income was $1.6 billion [4] - Operating cash flow was reported at $2.5 billion, up 12.1% year over year, and adjusted free cash flow increased by 14.2% to $2 billion [11] Segment Performance - Exchanges' net revenues reached $1.3 billion, a 16% increase year over year, with adjusted operating income of $1.1 billion, up 15.3% [5] - Fixed Income and Data Services revenues were $597 million, a 6% increase year over year, with adjusted operating income rising 2.8% to $261 million [6] - Mortgage Technology revenues increased by 5% to $531 million, with adjusted operating income up 22.1% year over year [7][8] Financial Position - As of June 30, 2025, ICE had cash and cash equivalents of approximately $2.3 billion, a 13.5% increase from December 31, 2024 [9] - Long-term debt stood at $17.3 billion, showing a slight increase from the end of 2024, while total equity rose by 2.9% to $28.5 billion [9] Guidance and Shareholder Returns - For the third quarter of 2025, GAAP operating expenses are expected to be between $1.245 billion and $1.255 billion, with adjusted operating expenses projected between $995 million and $1 billion [12] - ICE repurchased $496 million of its common stock and paid $555 million in dividends in the first half of 2025, with a declared dividend of 48 cents per share for the third quarter [14]

Core Insights - Exelon Corporation's second-quarter 2025 earnings of 39 cents per share exceeded the Zacks Consensus Estimate of 37 cents by 5.4% but decreased 17% from the previous year's 47 cents due to lower utility earnings and increased costs [1][2][9] - Total revenues for Exelon were reported at $5.42 billion, falling short of the Zacks Consensus Estimate of $5.53 billion by 1.9%, but representing a 1.2% increase from the year-ago figure of $5.36 billion [3][9] - The company reaffirmed its 2025 EPS guidance in the range of $2.64-$2.74 per share and plans to invest $38 billion in infrastructure through 2028 [11][9] Financial Performance - Exelon's total operating expenses rose nearly 1% year over year to $4.5 billion, while operating income increased by 1.5% to $0.92 billion [5] - Interest expenses reached $531 million, marking a nearly 9.9% increase from the previous year's quarter [5] - Adjusted net income for the quarter was $392 million, down from $472 million in the year-ago quarter [5] Segment Performance - Commonwealth Edison Company (ComEd) reported adjusted earnings of $228 million, a decline of 20% year over year due to timing of distribution earnings and lower transmission peak load [6] - PECO Energy Company (PECO) saw adjusted operating earnings increase by 46.2% year over year to $136 million, driven by higher electric and gas distribution rates [7] - Baltimore Gas and Electric Company (BGE) reported adjusted earnings of $55 million, up 22.2% year over year due to higher distribution rates [8] Customer and Delivery Metrics - Exelon served more customers compared to the previous year, with total electric deliveries reaching 41,684 gigawatt hours in the first half of 2025, an increase of 1.7% from the year-ago period [4]